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New initiative propels fintech startups into partnerships with ANZ & Westpac

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FinTech Australia joins forces with ANZ, Westpac, and 1835i to launch reverse pitch event, connecting innovative startups with leading financial institutions.

The initiative urges both local and global fintechs, along with emerging startups, to contribute their support to the regional banking and finance sector. The goal is to maximize opportunities through creative thinking and innovative solutions.

Facilitated by FinTech Australia and backed by the NSW Government through Investment NSW, this collaborative effort aims to engage and inspire Australia’s vibrant fintech community. ANZ and Westpac will present specific problem statements related to critical banking issues like sustainability, payments, fraud, and scams. The event is scheduled for February 21, 2024.

FinTech Australia General Manager Rehan D’Almeida said it builds on the fintech industry’s long-running collaboration with major banks.

“Fintech has always been built on the back of partnerships and collaboration with major companies in the financial services sector. This event exemplifies these points,” D’Almeida said.   

“It is pleasing to see major banks ANZ and Westpac collaborating with the fintech sector which speaks to the confidence they have in the industry to solve real-world issues faced today.  I have no doubt that our local fintechs and other innovative companies globally will rise to the occasion. The event showcases the vibrancy and collaborative nature of our fintech ecosystem, and provides an opportunity for global fintechs looking to get a foothold in Sydney.” 

ANZ Head of Transaction Banking Australia and PNG, Philippa Campbell said: “Australia’s fintech sector has fostered a rich culture of forward-thinking, innovative businesses and solutions. We’re looking forward to partnering with fintechs to pioneer solutions that not only enhance the resilience of our systems but also empower our institutional customers to thrive sustainably amidst the evolving challenges of today.” 

David Walker, Group Chief Technology Officer, Westpac said: “Westpac is proud to partner with many fintechs and these relationships are particularly important as we accelerate our technology transformation. This initiative by FinTech Australia and Investment NSW reflects our ongoing commitment to pursue meaningful partnerships that solve business problems, and most importantly help our customers. We look forward to seeing the fresh thinking from this dynamic sector.”

The fintech and broader technology business community will be invited to attend the reverse pitch event to hear first hand from major banks on issues they would like to solve. 

To find out more information about the event and how you can participate, visit the reverse pitch website (https://www.fintechaustralia.org.au/banking-reverse-pitch).

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